Tourism’s economic value in the Gulf Cooperation Council reached $254.7 billion in 2025, supporting 4.5 million jobs, as the sector strengthens its contribution to regional economies and expands its presence in the global tourism market, according to GCC-Stat.
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US President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz within seven days and resume nuclear negotiations, dealing a setback to diplomatic efforts to end the seven-month conflict and restore shipping through the vital waterway.
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Ohana Development, a leading UAE real estate developer, has officially broken ground on Manchester City Yas Residences by Ohana, its AED15 billion ($4.08 billion) gated waterfront community located on Yas Canal in Abu Dhabi.
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Travel and tourism conditions have strengthened across most of the world, a new World Economic Forum report finds, but destinations face a growing challenge: turning record demand into lasting value amid rising costs, geopolitical and climate disruptions.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Global utility major Acwa Power has announced that it has secured initial commercial operation certificates from Sidra First Electricity Company in Madinah and Qudra First Electricity Company for key units of its power projects - Taiba 1 and Qassim 1 - in Saudi Arabia that have an initial combined generating capacity of 2,555 MW.
Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year.
QYSEA Technology has signed a strategic cooperation MoU with Aramco, marking a new stage in the company's commitment to advancing underwater intelligence and strengthening local service capabilities in the Kingdom.
Microsoft will invest more than $10 billion in capital and operating expenditure in the Middle East through 2030, as the technology giant accelerates its cloud and artificial intelligence infrastructure expansion across Kuwait, Qatar, Saudi Arabia and the UAE.
Iranian President Masoud Pezeshkian used his address to the United Nations General Assembly to send a message to Iran’s Gulf neighbours, saying Tehran’s security must be guaranteed if the wider region is to avoid being drawn into continuing instability.
An artificial intelligence agent developed by OpenAI gained unauthorised access to an Australian government health statistics portal while conducting research on public medicine spending, prompting a forensic investigation into the incident and whether other government systems were affected.
The GCC and North Africa have about $90 billion worth of hotel and resort projects in the pipeline, adding nearly 200,000 rooms to the region’s existing supply, with the Kingdom of Saudi Arabia accounting for around half of this (110,000 rooms), said a report released ahead of a key industry event in Dubai.
The Central Bank of the UAE has announced it has been decided to prohibit all branches of Bank Melli Iran operating in the UAE from conducting any financial transactions to and from Iran, including trade finance and fund transfers.
Saudi Binladin Group (SBG) has announced that it has achieved a major safety milestone clocking 20 million man-hours at the landmark mixed-use project - Jeddah Tower - which is on the way to become the world's tallest building with a planned height of over 1,000m.
Red Sea Global (RSG) has announced the launch of the 'Yacht Network', a new operator for marinas and yacht clubs along Saudi Arabia’s Red Sea coast. The network will enable yacht owners and charter guests to enjoy a connected experience along the coastline as they explore the Red Sea.
SLB has secured four integrated well construction contracts from Aramco covering more than 450 wells across Saudi Arabia over three years, with an option for a two-year extension, supporting the Kingdom’s ongoing oil and gas development programmes.
Red Sea Global (RSG) has announced the launch of the 'Yacht Network', a new operator for marinas and yacht clubs along Saudi Arabia’s Red Sea coast. The network will enable yacht owners and charter guests to enjoy a connected experience along the coastline as they explore the Red Sea.
Advancing regional convergence and connectivity across energy, trade, transport and the digital economy constitutes a vital pathway to support economic growth.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Al Zorah Development Company, a joint venture between Ajman and Lebanese developer Solidere, has unveiled the upcoming projects for the Al Zorah region including a mixed-use waterfront destination featuring more than 2,000 residential units and other commercial components.
The UAE has recorded significant progress in the 2026 Nuclear Threat Initiative (NTI) Nuclear Security Index, ranking fourth among 48 countries assessed for protecting nuclear facilities against sabotage.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, marked the launch of its enhanced Code of Conduct at a special ceremony held in the company premises. This represents a key milestone in boosting Alba’s governance framework, mitigating emerging risks and reinforcing a culture of integrity and accountability.
MG Motor, a British-born automotive brand, said its exclusive Kuwaiti distributor Adel Alghanim Automotive has announced the unveiling of its new MG 4S facility in the country's Shuwaikh district. Spread over five floors, the 25,500-sq-m showroom is one of MG's largest facilities worldwide.
Bahrain's Ministry of Social Development has welcomed AMAN Compliance Solutions' partnership with Family Microfinance House (FMH) at a ceremony held at the ministry's headquarters in Manama.
e& UAE today announced the launch of its secure website hosting service, providing government entities and businesses with locally hosted website infrastructure supported by 24/7 network and security monitoring.
The global debut Bentley’s all-new Torcal has taken place, the car becoming the brand’s fourth model line.
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
US President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz within seven days and resume nuclear negotiations, dealing a setback to diplomatic efforts to end the seven-month conflict and restore shipping through the vital waterway.
